SINGAPORE, March 5,
2025 /PRNewswire/ -- Noah Holdings Limited's ("Noah"
or "the Company") (NYSE: NOAH, HKEX: 6686) newly launched global
wealth management platform for global Chinese investors, ARK Group,
today opened its new overseas headquarters in Singapore, tripling the firm's existing
physical footprint in the city-state. The opening marks the latest
step in the firm's global expansion initiative, and strengthens its
ability to address the sophisticated needs of global Chinese
clients as they navigate an increasingly complex investment
landscape.
The new state-of-the-art facility, located at 333 North Bridge
Road, Odeon, sits in the heart of the world's premier global wealth
hub. Relocating the firm's headquarters to Singapore will provide ARK Group with vast
opportunities within one of the fastest growing locations for
Chinese personal assets abroad.
"Singapore's dynamic
wealth management ecosystem, combined with its robust regulatory
environment, offers ARK Group an unparalleled platform for
international growth," said Ms. Jingbo Wang, Co-founder and
Chairwoman of Noah. "Having established our presence in
Singapore six years ago, this new
overseas headquarters marks a pivotal milestone in our journey to
deliver comprehensive, innovative, and culturally relevant
solutions tailored specifically for global Chinese clients."
Alongside the new hub, ARK Group is investing heavily in talent
acquisition to expand its team alongside enhancements to its
already unmatched client-centric service.
"Our investment in Singapore
expands a crucial gateway for our clients, allowing us to deliver
seamless wealth management solutions across the global Chinese
corridor," said Zander Yin, CEO of
Noah Holdings. "By investing heavily in talent and operational
capabilities, ARK Group is positioning itself at the forefront of
an industry experiencing profound transformation."
Leading financial institutions, including J.P. Morgan, Goldman
Sachs, HSBC, DBS, Macquarie, Blackstone, and Vista Equity Partners
joined ARK Group for its expansion announcement. The event also
included remarks from Robert F.
Smith, Founder, Chairman and Chief Executive Officer of
Vista Equity Partners on Generative AI and the current market
environment.
ARK Group's established presence in Singapore is supported by key regulatory
licenses, including the Capital Markets Services Licence, Financial
Adviser's Licence (Exemption), and Trust Services Licence, from the
Monetary Authority of Singapore.
Since 2018, the firm has established its presence in the city-state
under the name Noah Singapore.
ARK Group's Hong Kong office
will continue to serve as a critical regional hub, ensuring
complete continuity for servicing clients. At the same time, the
firm is investing further to enhance client services across all
offices including its Hong Kong,
Tokyo, New York, and Los
Angeles locations.
About ARK Group
ARK Group is a leading provider of global wealth management
services under Noah Holdings Limited (NYSE: NOAH, HKEX: 6686). ARK
Group provides one-stop financial services for high-net-worth
global Chinese families and institutions. With a client-centric
philosophy that emphasizes independence and professionalism, ARK
Group consistently innovates its product offerings and services to
address the evolving needs of its clients, delivering sophisticated
wealth management strategies with a goal of becoming the preferred
wealth management platform for global Chinese investors.
ARK Group currently has over USD 8.7
billion in assets under advisement (AUA). With service
centers in multiple countries and regions, ARK Group's team of
140+ global investment advisors focuses on providing tailored,
localized financial services to clients.
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SOURCE ARK Group (A member firm of Noah Holdings Limited)
